@ 200 300 will be perfect. remember when the price explode all major exchange websites and companies that use btc gone greedy and cheat or scam people.
I don't think that statement applies to all exchanges or companies that use BTC but, when the price drops like a rock so quickly that it scares even the value buyers from pulling the trigger and stabilizing the price, there are serious problems still to come.
I bet a lot of people bought around $860 when the price stabilized for 20-30 minutes. Now, I wonder a couple of things about those people and other potential buyers:
1. Are they buying more now that the price is around $600?
2. Did they cut their losses and sell all their coins between the $860-600 price drop?
2a. Will they place a buy order later or are they staying away until the price hits rock bottom?
3. Have the events of the last 24 hours scared off any potential value buyers now that it's clear that the price has not yet reached any semblance of stabilization?
4. At what price will true panic ensue?